Great_Depression

Great Depression The Great Depression The economic depression that plagued the United States in the 1930s was unique in its importance and its consequences. At the worst of the depression, in 1933, one American worker in every four was out of a job. The great industrial slump continued throughout the 1930s, shaking the foundations of Western industries and the society based upon it. Despite the seeming business prosperity of the 1920s, however, there were serious economic weak spots, a major one being a depression in the agricultural sector. Farmers were plagued with the dust bowl and many were forced to sell there farms. The key reasons for the dust bowl were improper use of the soil, they did not rotate there crops, and the series of drought. Although these simple for farmers had much to do with the depression it was not solely there fault. Throughout the 1900s, U. S. banks used the stock market to make money and even though federal banks were banded from lending money out to be used on the stock market, nothing was stopping private banks from doing this which lead to easy credit. If every and anyone could go to the bank depression, loan, stock, one, economic, people, now, money, market, administration, dollars, banks, about, works, throughout, through, roosevelt, public, president, pay, out, new, make, hoover, great, government, every, economy, worth, work, united, though, term, stimulate, states